Investor sentiment improves on Iran–US peace deal hopes and falling global oil prices
The benchmark KSE-100 Index staged a strong rally on Monday, gaining 3,881 points as bullish sentiment returned to the market on expectations of a potential peace deal between Iran and the United States.
The index closed at 171,725.29 points, up 2.31% from the previous close of 167,844.24 points. During the session, the market recorded an intraday high of 171,920.80 and a low of 170,161.66, reflecting significant volatility before settling higher.
Investor confidence strengthened after reports of progress in negotiations between Iran and the United States, with market participants expecting a possible resolution in the near term.
Sentiment was further supported by a sharp decline in international oil prices, which fell by nearly $6 per barrel, easing concerns over inflationary pressure and import costs.
The rally was led by heavyweight stocks including Habib Bank Limited, Fauji Fertilizer Company, United Bank Limited, Engro Holdings, and Lucky Cement, which collectively contributed 1,315 points to the index.
Market participation remained strong, with total traded volume reaching 261.56 million shares, while turnover stood at PKR 26.21 billion.
Bank of Punjab emerged as the volume leader, with 27 million shares traded during the session.
Analysts said the rally reflected renewed risk appetite in the equity market, supported by improving geopolitical outlook and easing global commodity pressures.
